MTN Nigeria Takes CBN and Attorney-General to Court

MTN Nigeria Takes CBN and Attorney-General to Court

MTN Nigeria has gone to a Federal High Court against the Central Bank of Nigeria (CBN) and the Attorney-General of the Federation on the refunds and tax issues respectively. I do hope Nigeria will give it the privilege to argue its case before an independent court. The ball falls to the Nigerian Communications Commission (NCC) to hold its pen until the court has completed its work. If the court says MTN Nigeria is guilty as accused, then the law should do its work. Otherwise,  MTN can party. But it needs its moments before a judge. That is how commerce works!

MTN Nigeria says it has asked a Federal High court in Lagos to restrain the Central Bank of Nigeria (CBN) and the Attorney-General of the Federation from taking further actions in respect of the demand that the mobile telcoms company refunds amounts totalling $10.134 billion to Nigeria.

[…]

“MTN Nigeria Communications Limited (MTN Nigeria) continues to categorically and unequivocally deny all charges related to the Central Bank of Nigeria (CBN) and Attorney General of the Federation (AGF) investigations into the company’s CCIs and unpaid taxes respectively.

“In order to protect MTN Nigeria’s assets and shareholder rights within the confines of the law, we have applied today in the Federal High Court of Nigeria for injunctive relief restraining the CBN and the AGF from taking further action in respect of their orders, while we continue to engage with the relevant authorities on these matters,” a statement by MTN’s spokesperson, Tobe Okigbo, sent to PREMIUM TIMES on Monday said

 


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